Common use of Operations and Maintenance Programs Clause in Contracts

Operations and Maintenance Programs. [CHOOSE ONE: N/A OR An O&M Program is required for the Mortgaged Property for [asbestos containing materials][lead-based paint][other-describe]. New Borrower acknowledges and agrees that it must either (i) assume the existing O&M Program(s) for the Mortgaged Property or (ii) within 90 days after the date of this Assumption Agreement, establish and maintain new O&M Program(s) for the Mortgaged Property in accordance with the Loan Documents (as modified by this Assumption Agreement).]

Appears in 4 contracts

Samples: Assumption and Modification Agreement, Assumption and Modification Agreement, Assumption and Modification Agreement

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